|Startups And Entrepreneurs
For freelancers, working from home can be lonely and unproductive. Working from coffee shops can be noisy and overcrowded and more of a hassle than helpful. For business owners, having an office can be expensive and time-consuming to manage, and you might need offices in multiple cities.
Thanks to the growing number of coworking spaces, consultants, entrepreneurs and full-time employees have a convenient, affordable place they can go on a per-use or regular basis. They come equipped with all the things you’d expect at an office like printing, coffee, break room, WiFi, conference rooms (and even games).
- What Are They?
- Benefits Of Them
- Best Spaces By Type
- Best Regional Spaces
- Other Tips For Remote Workers
What Is A Coworking Space?
A coworking space is a shared workspace that you can rent by the day or purchase a membership and have access to regularly. Spaces available range from virtual offices (mailing address only) to community desks (first come first serve) to having a private, four-walled office.
They vary in amenities and range in price, but most have a communal area, conference rooms for meetings, phones, faxes, printers and a break room, similar to a regular office. However, some come with additional perks including coffee, beer and snacks, events like happy hours, massages, workshops, etc. and access to other resources, capital and networking opportunities.
If you live in a larger city, you might see these shared workspaces popping up on every corner. That’s because there’s an increasing need for shared office space as the number of people teleworking continues to rise. According to a study by Global Workplace Analytics, 50% of the US workforce holds a job that is compatible with at least partial telework, and approximately 20-25% of the workforce teleworks with some frequency. Additionally, 80% to 90% of the US workforce say they would like to telework at least part-time.
Top 10 Benefits Of Coworking Spaces
Coworking spaces offer all of the advantages of an office, without the stuffy cubicles, annoying co-workers or feeling of needing to clock in and out every day. Here are some additional reasons companies and consultants use them:
- Have a quiet, professional space with technology capabilities (conference line, AV equipment) for meetings
- Get the support of office staff (receptionist, IT, security, package delivery) without salaried employees
- Focus on your business instead of real estate, cleaning services, office supplies, utility bills, rent and paperwork
- Move into a turnkey ready office space with furnishings provided
- No ongoing overhead costs like purchasing and maintaining equipment
- Easily add more desk space as you scale in size or locations and cut back when needed
- Short-term commitments and month-to-month options allow you to try out different spaces
- Physical and mailing address for your business for packages, meetings and marketing purposes
- Flexibility to have an office in different cities or neighborhoods (or work on the move)
- Network with other freelancers, professionals and gain access to valuable resources for your business
What Are The Best Coworking Spaces? (By Category)
Many towns around the country have local coworking office spaces. But, for the sake of this review, we only reviewed those that might appeal to the largest audience. Since businesses have different needs, we have chosen the “best” based on the types of businesses that each company serves well.
Best For Startups And Entrepreneurs: WeWork Review
Probably the newest, and most well-known player in the coworking space (no pun intended) is WeWork. This company has an extensive network of start-up and tech companies geared towards the younger generations with perks unlike any other coworking space. In addition to all the benefits of a traditional coworking membership (like printing, WiFi, conference rooms, workshops, coffee, beer, etc.) they have a virtual and global community of brands and businesses, access to training and workshops and a creative environment that encourages collaborative thinking.
Additionally, they offer yoga, massages, happy hours, hair cuts, discounts on software and services, events and more. Amenities like parking, bike storage and outdoor spaces vary by location, but most are dog-friendly, have wellness rooms (for nursing or meditation) and communal kitchen areas. Each plan comes with monthly credits (depending on level) to use for booking conference rooms and workspaces. With affordable pricing and the motto “Do what you love,” it’s pretty difficult not to love working at WeWork. We should note their open-office setup, glass dividers and thin walls means you’ll be intimately working alongside your new cohorts.
- On-Demand We Membership: Starting at $45/month (1 weekday per month, 2 credits, option for package handling $50/month)
- Hot Desk: From $220/month (24/7 access, option for package handling $50/month)
- Dedicated Desk: From $350/month (includes monthly printing allocation)
- Private Office: From $400/month (includes monthly printing allocation)
- View your local options
Video: WeWork Beyond Office Space
Watch this one-minute video to get a quick peek behind the doors of WeWork and hear from members about how much they enjoy it.
Best For Business Travelers: Regus Review
With nearly 3,000 locations in 900 cities and 120 countries, Regus is the largest provider of flexible workspaces in the world. Regus was founded in Brussels in 1989 by an English businessman who was on a company trip and noticed the lack of space available to work while traveling. For that reason, it appeals more towards business travelers who are on the go and looking for a polished, professional work setting without the need for a built-in community.
They have a variety of membership plans (virtual office, coworking, office spaces) which gives you access to all locations as well as a business lounge membership that gives you a spot to work in multiple lounges in airports, train stations and city centers around the globe. You can also rent meeting rooms of all sizes by the hour for training and interviews without a monthly contract. With so many options in so many places, you’ll never be short a seat no matter where you are working from.
Varies by location, pricing not available on the website, must contact them for more details.
Best For Virtual Office: Davinci Review
Davinci provides virtual corporate services as well as prime addresses for businesses. What makes Davinci stand out from the rest is their ability to provide solutions for businesses without having a physical office. From a call answering service, to secure package and mail delivery and live webchat.
People will think you have a large office with a big staff, all for a small monthly fee (and no commitments). If you do need a desk or conference room, they can provide those as well and have over 5,000 spaces in 1,200 centers worldwide.
All locations are in corporate-style buildings and include a receptionist to greet clients and guests (and manage solicitations) and security for you and your staff’s peace of mind. Additional features like business directory listings on the exterior (and/or in the lobby) mail forwarding, printing, faxing, notary and catering services and more are available for a small extra fee.
- Offices: From $50/month
- Auto Receptionist Plans: From $59/month (local and toll-free number unlimited long distance minutes, call screening, routes calls to correct person at certain hours, voicemail, professional greeting and more)
- Live Receptionist and Virtual Assistant Plans: From $99/month (50 minutes, 40 calls per month)
- Web Chat Services: From $79/month (25 chat sessions)
- View all options
Best For Executives: Servcorp Review
Servcorp has been around for nearly half a decade providing flexible workspace for executives who’ve come to expect the finer things in life. From stunning views of skylines in high rise suites to soundproof rooms, fully stocked stainless steel fridges with champagne, espresso makers, glass serve-ware, marble countertops and world-class art; Servcorp is like the first class of flexible working environments.
They have 22 executive offices serving 35,000 people in prestigious real estate spots in most major cities across the US (including the 85th floor of the new One World Trade Center in Manhattan).
They’ve invested heavily in sophisticated technology that allows you to book meeting rooms from their app and integrate your smartphone with their plug and play presentation and conference phone systems. All with fast, reliable connections and full service IT support. You’re sure to impress your clients and make a good first impression with Servcorp.
- Offices: From $650/month
- Virtual Office Package: $97/month (select locations)
- Membership: $50/month (access to the board and meeting rooms at member rates, WiFi in lounges)
- View all options
Best For Non-Profit Organizations: Impact Hub
Founded in London in 2005, Impact Hub is a global group of members focused on making a positive impact in over 80 cities around the world. The company aims to bring together a community of do-gooders and peers in action-oriented and “social good” fields giving them access to capital, funding opportunities and a platform for promoting services and products so they can scale.
They believe in the power in numbers, and that together we can do more to create change than we can alone. Join and get listed in an online directory of local members, a digital community board, day passes at any global Hubs, complimentary tea and coffee and options for storage and mailboxes. They also offer annual memberships at a discount.
- Community: From $50/month or $500/year
- Community Plus: From $225/month or $2,250/year
- Community Premium: From $375/month or $3,750/year
- Dedicated Desks and Offices: Contact Hub for pricing and availability
- View all locations
Regional Coworking Spaces
These coworking spaces are popular in their respective geographic locations. For that reason, they didn’t make the top list but are worth sharing in case you happen to be in one of these areas. After reviewing our top picks in each category, here are a few recommendations for the best geographic-specific coworking spaces.
Cross Campus (LA) | NextSpace (California) | Workbar (Boston) | The Yard (East Coast)
Cross Campus (Greater Los Angeles Area)
Cross Campus truly caters to the California coworker. With amenities like kombucha, craft beers and meditation rooms you’re sure to stay balanced as you work. They also offer complimentary parking for commuters and are within walking distance to public transit.
How much you can print depends on your membership level, but all members get access to partner events, training opportunities and discounts on venue rental. With competitive pricing and a “campus” vibe, it’s ideal for recent grads and younger Los Angeleans.
- Day Passes: $40
- Campus: $50 (2 day passes + 50% off booking private rooms and mail services for $30/month)
- Resident: $375/month (24/7 access, credits to book private rooms and mail services for $30/month)
- Reserved Desk: From $400/month (24/7 access, credits to book private rooms and mail services included)
- Private Office: From $600/month (24/7 access, credits to book private rooms and mail services included)
- View all options
Pacific Workplaces’ NextSpace (Mostly California)
With seven locations in California, NextSpace (which was acquired by Pacific Workplaces) has been providing coworking spaces to the golden state since 2008. The company also has a location in Chicago, and more locations are coming soon. They’re based in Santa Cruz and cater to the growing tech and startup community around Silicon Valley.
In addition to unlimited printing, a physical mailbox, endless coffee and fast WiFi, they offer entrepreneurial programming, member’s only login area, member meet-ups and weekly happy hours. Their pricing is reasonable and gives you access to all locations for those who work throughout the Cali coast.
- Day Passes: $25
- 3-day Coworking: $49
- Mail Plan: From $59/month (physical mailbox only)
- On the Go: From $149/month
- Virtual Office: From$229/month
- Co-working Monthly Pass: From $275/month
- Dedicated Desk: From $325/month
- Private Office: Starts at $700/month
- View all options
Workbar (Boston Area)
Workbar hubs and the Workbar network are for select startups within specific sectors within the Boston area. Each location caters to individual industries and provides support to help that start-up grow.
Whether it be providing business contacts, mentoring or financial services they support the long-term growth and success for these entrepreneurs. They host regular events for members and non-members alike and offer free office supplies, mail and storage services, bottomless fair trade coffee, still and sparkling water and snacks.
- Day Pass: $40
- Community (1 day a month): $30/month
- Fiver (5 days a month): $130/month
- Nights and Weekends: $150/month
- Full Time: $350/month
- Dedicated Desk: $400/month
- Dedicated Office $600/month (2-4 people)
- View all options
The Yard (New York, Philadelphia, Boston Washington DC)
With locations in New York, Philadelphia, Boston and Washington DC, The Yard is perfect for those doing business on the east coast. The company is based in Brooklyn with nearly a dozen spaces in the New York City area, but if you happen to be in one of the other cities, you can have access to all spaces and their community of like-minded thinkers, designers and business owners.
One unique feature for The Yard is nursing rooms at most locations for new moms and a Wellness Program for meditation and on-site health activities. The Yard is all about focus. You won’t find games and beer here. But you will be in an upscale designed space and in good company with other startups (like Uber and Blue Apron who got their start at The Yard).
- Day Pass: From $35
- Virtual Office: $50/month
- Open Coworking: From $295/month
- Dedicated Desk: From $395/month
- Private Office From $500/month (1-30 people)
- View all options
The Best Collaboration Tools For Your Coworking Space
Thanks to portable technology and modern communication, teams can work from virtually anywhere. And thanks to co-working spaces, your team now has a place to plugin that’s both flexible and fun. Want to make sure your business is prepared to make the transition? Read our reviews of online collaboration tools, online time clocks, and video conference software. And of course, if you have any questions, let us know in the comments below.
Have you experienced a coworking space? How was it? Let us know in the comments!Tagged With: Comparison